News Corporation-owned STAR Group and Balaji Telefilms Ltd (BTL) have announced that they have broken off their alliance in India, which was entered into between the parties in 2004.

Direct-to-Home (DTH) war is about to hot up with Reliance Anil Dhirubhai Ambani (ADA) Group, Bharti Airtel and Videocon Group set to join the fray.

Emphasizing the growing importance of India in News Corporation's (News Corp) business plans, billionaire media mogul Rupert Murdoch said it would invest around $100 million on launching six new regional television channels under the STAR brand in India, three of which would be in Bengali, Mara...

Amazon.com Inc. showed that it wasn't being hurt by economic weakness and high fuel prices, reporting Wednesday that its second-quarter profits more than doubled and surpassed analyst expectations. The Internet retailer also raised full-year revenue projections.

AT&T Inc. says its second-quarter earnings rose 30 percent, but its revenue missed analysts' estimates.

Google Inc. says its second-quarter profit rose 35 percent. Its $1.25 billion in earnings were propelled by the growing international popularity of its Internet search engine.

Microsoft Corp. says its fiscal fourth-quarter profit jumped 42 percent from a year ago. It was helped by strong sales of its Office and Windows software.

Legendary Hollywood director Steven Spielberg and the founders of the DreamWorks SKG film studio are in the process of finalizing talks with Indian billionaire Anil Ambani's Reliance Big Entertainment about terms of a $1.5 billion proposal that would allow the DreamWorks principal and his partn...

India's leading newspaper publisher HT Media Ltd has joined hands with German media group Hubert Burda Media to set up a venture which will explore opportunities in the high-end magazine and catalogue printing businesses in India and the Asia-Pacific region.

India's leading media conglomerate, the Bennett Coleman & Company Ltd (BCCL) has ventured overseas, acquiring Virgin Radio Holdings Ltd and its subsidiaries in the UK from SMG Plc. for a consideration of £53.2 million ($105 million).

Anil Dhirubhai Ambani (ADA) Group's entertainment arm, Reliance Big Entertainment has made its Hollywood foray by signing strategic deals valued at $1 billion with eight Hollywood production houses which will see it develop and co-finance some of the film projects as well as secure the Indian d...

Reliance Big Entertainment, the entertainment arm of the Anil Dhirubhai Ambani (ADA) Group, plans to become the forerunner in the Indian entertainment industry and has announced that it will invest $1 billion to produce, co-produce or distribute 69 films in English, Hindi and other regional Indian l...

Strong sales of the video game "Rock Band" helped lift first-quarter earnings 33 percent at the entertainment company Viacom Inc., a major cable network operator which owns MTV and Nickelodeon.

The legal wrangle between Craigslist and eBay Inc. is about the competition in the online classifieds market, eBay's complaint in the case reveals.

More change is in store at eBay, its CEO said after the online auction company reported its profit climbed 22 percent in the first quarter despite anger from its sellers over fee and feedback adjustments.

New York Times Co said on Monday that it will add two seats to its board of directors and give them to a group of dissident investors to avert a proxy battle.

Walt Disney Co., the second-largest multimedia and entertainment company in the US, announced it is paying Rs.805 crore (approx. $203 million) to increase its stake in Indian broadcaster UTV Software Communications Ltd from 14.9 percent to 32.1 percent.

Tata Communications, an emerging broadband player has announced that it will invest $500 million over the next three years and connect 200,000 retail customers using WiMax by March 2009.

Getty Images Inc., the largest provider of photographs to publications and advertising agencies, has made public their agreement to a takeover bid of $2.1 billion from the San Francisco based private equity outfit, Hellman & Friedman.